Mortgagor synonym

The borrower is called the mortgagor , the lender the mortgagee. And the principal cause will be that the mortgagor has discovered that he has no equity in the property. This right of the mortgagor to relief is termed his “equity of redemption. Synonyms for mortgagor in Free Thesaurus.

Antonyms for mortgagor. What are synonyms for mortgagor ?

Find more similar words at wordhippo. Mortgagor synonyms. Top synonyms for mortgagor (other words for mortgagor ) are hypothecary debtor, revolving mortgagor and payor. Top synonym for mortgagor (another word for mortgagor ) is hypothecary debtor. English synonyms , antonyms, and definitions.

A mortgagee , mortgager or pledgee of property may insure the property. After default, the mortgagee may take possession of the premises. The mortgagee has the right to sell the debt secured by the mortgage.

An attornment clause in a mortgage whereby the mortgagor attorns tenant at will to the mortgagee is not a true contract and so is not ‘an agreement’ for present purposes. See: mortgage, mortgagee) mortgagor see MORTGAGE. MORTGAGOR is a word of letters synonym of debitor, debtor, mortgager.

Examples of mortgagor In a majority judgment, Harms JA held that, by the very nature of things, a mortgagor , being an owner, could not be an unlawful occupier. Only once the property had been sold in execution and transferred to a purchaser could the possession of the erstwhile mortgagor or owner become unlawful. Help WordReference: Ask in t. In direct answer to your question, the borrower is the person taking out the loan which will be secured over the property by the mortgagor.

I am a mortgage broker. Context example: we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home. See definitions of mortgagor. At each point in time the mortgagor sets the debt rate to either the current rate or to newly available floating lending rate. Flexible-rate mortgages Because of the use of a different volatility estimation process, it is necessary to estimate different percentages of a mortgage pool that are represented by each of the three classes of mortgagors in the modified model.

The plural form of mortgagor is mortgagors. They are the person who acquires a mortgage to buy a property. If the mortgagor stops making payments, the mortgagee can take control of the property through a foreclosure in many cases.

The word mortgagor uses letters: aggmoorrt. The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee.

One who gives a mortgage. If the mortgagor executes another credit agreement with a third party and the first agreement is not recorde while the second one is, the second lien shall have priority, even though it was related to a credit agreement executed subsequent to the first credit agreement. In order to limit its risk, a mortgagee creates a priority legal.

In typical home-loan scenarios, the mortgagor is the person, couple or group of people receiving or seeking a loan to buy a home. Settled Land Acts, or a mortgagor or mortgagee. On that the mortgagee pays at the rate of 4d.